IBM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.040%

Price spread now: Bybit against Extended−0.037%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$530.532% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.037%, 7d avg −0.037%

Together, before fees−0.053%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IBM-USD	231.59	0.0056	pay 0.0007% / 1h	27m 28s	$53K	$238K	10x
Short	Bybit IBMUSDT	231.50	0	get 0.0000% / 8h	5h 27m	$974K	$346K	50x

Funding history

latest

Range statsloading…

Bybit against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee ExtendedbpFee BybitbpOrdersPrice spread, now −0.037%Rate

Slippage from Extended: live order book, 34 min ago; Bybit: live order book, 33 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 34 min ago	1.08 bp	15.4 bp −$15	187.4 bp −$1,874	doesn't fit	doesn't fit
Sell Bybit live order book, 33 min ago	2.59 bp	11.7 bp −$12	82.3 bp −$823	doesn't fit	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster IBMUSDT	0.0000%	8h	231.48	−0.046%	$13K	$127K	20x	as long as short
Bybit IBMUSDTshort	0.0000%	8h	231.50	−0.037%	$974K	$346K	50x
OKX IBM-USDT-SWAP	0.0000%	8h	231.66	+0.032%	$1.4M	$1.1M	20x	as long as short
Gate IBM_USDT	0.0000%	8h	231.62	+0.015%	$799K	$1.4M	50x	as long as short
Bitget IBMUSDT	0.0000%	8h	231.60	+0.006%	$789K	$337K	20x	as long as short
Variational Omni IBM	0.0000%	8h	231.57	−0.008%	$256K	$15K	—	as long as short
GRVT IBM_USDT_Perp	0.0000%	8h	231.65	+0.027%	$102	$159K	10x	as long as short
SunX IBM-USDT	0.0000%	8h	231.31	−0.119%	$766	$486K	10x	as long as short
HTX IBM-USDT	0.0000%	8h	232.04	+0.196%	$5K	$33K	20x	as long as short
Lighter IBM	+0.0032%	1h	231.51	−0.033%	$38K	$43K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IBM/USDC PERP	+0.0033%	1h	201.05	−13.186%	—	$57	12x	as long as short
QFEX IBM-USD	+0.0035%	1h	231.56	−0.011%	$1.2M	$2.7M	10x	as long as short
Vest IBM-USD-PERP	+0.0046%	1h	231.46	−0.055%	—	—	25x	as long as short
tradeXYZ xyz:IBM	+0.0050%	1h	231.41	−0.076%	$1.9M	$726K	10x	as long as short
Extended IBM-USDlong	+0.0056%	1h	231.59	long leg	$53K	$238K	10x
Binance IBMUSDT	+0.0056%	8h	231.65	+0.026%	$3.9M	$5.3M	20x	as long as short
BloFin IBM-USDT	+0.0086%	8h	231.62	+0.015%	$47K	$52K	20x	as long as short
KuCoin IBMUSDTM	+0.0100%	8h	231.63	+0.019%	$194K	$33K	20x	as long as short